Welcome to our dedicated page for Sysco news (Ticker: SYY), a resource for investors and traders seeking the latest updates and insights on Sysco stock.
Sysco Corporation (NYSE: SYY) is a global leader in foodservice distribution, connecting suppliers with over 650,000 customer locations across restaurants, healthcare facilities, and educational institutions. This dedicated news hub provides investors and industry professionals with comprehensive access to official corporate announcements and market-relevant developments.
Track key business initiatives through curated press releases spanning earnings reports, supply chain innovations, sustainability efforts, and strategic partnerships. Our repository ensures timely access to operational updates, leadership changes, and product expansion announcements that shape Sysco's position in the $300B+ foodservice distribution industry.
Discover categorized updates including quarterly financial results, acquisition activity, technology implementations, and industry partnership developments. All content is sourced directly from Sysco's corporate communications to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined monitoring of Sysco's operational milestones and market leadership in food logistics. Combine strategic insights with fundamental data through our integrated financial tools for complete investment analysis.
Sysco (NYSE:SYY) announced it will webcast its presentation at the 2024 Morgan Stanley Global Consumer & Retail Conference on Tuesday, December 3, at 8:00 a.m. ET. The live webcast can be accessed at investors.sysco.com, with an archived replay available shortly after the event. Sysco utilizes its investor relations website as the primary channel for key disclosures, which may include material, non-public information.
Sysco is a global leader in food product distribution to restaurants, healthcare facilities, and other meal-preparing establishments. Operating 340 distribution facilities worldwide, Sysco serves approximately 730,000 customer locations and generated over $78 billion in sales for fiscal year 2024. For more information, visit sysco.com.
Sysco (NYSE:SYY), the world's largest food distributor, has partnered with the MICHELIN Guide as the official wholesale food distribution partner for the MICHELIN Guide Texas ceremony. The collaboration showcases Sysco's premium products and culinary expertise at this prestigious event. Victoria Gutierrez, Sysco's Chief Merchandising Officer, will present the MICHELIN Guide Young Chef Award at the ceremony on November 11. The partnership highlights Sysco's commitment to supporting culinary excellence through its distribution services, own-label products, and culinary consultations.
Sysco (NYSE: SYY) reported its Q1 FY2025 results with sales increasing 4.4% to $20.5 billion. The company saw a 2.9% increase in gross profit to $3.8 billion, though gross margin decreased 27 basis points to 18.3%. U.S. Foodservice volume grew 2.7%, while operating income increased 0.5% to $808 million. Earnings per share remained flat at $0.99, with adjusted EPS rising 1.9% to $1.09.
The company reiterated its FY25 guidance, projecting sales growth of 4-5% and adjusted EPS growth of 6-7%. International operations showed strong performance with an 8.6% increase in operating income. Sysco plans to return approximately $2 billion to shareholders for the fiscal year.
SYGMA Kansas City announced that warehouse colleagues represented by the International Brotherhood of Teamsters Local 955 have ratified a new collective bargaining agreement, ending a strike that lasted only 24 hours. The company emphasized its commitment to resolving issues through negotiations to avoid disruptions.
Jon Ratnasamy, president of SYGMA, stated that they had initially offered substantial wage increases and additional benefits requested by colleagues. The company expressed appreciation for their workers' efforts and reaffirmed its dedication to providing competitive wages and benefits.
With the agreement ratified, employees have returned to work and will immediately benefit from the market-leading wages offered by SYGMA. The company views this resolution as a balance between business needs and employee interests.
Sysco (NYSE:SYY), the world's largest food distributor, has launched 19 innovative, labor-saving products exclusively for its customers through the Cutting Edge Solutions platform. The Fall 2024 lineup includes globally inspired appetizers, labor-saving options, versatile sauces, and on-trend desserts.
Key offerings include:
- Sweet Thai Chili Chicken Bites, Chicken Al Pastor Blue Corn Empanadas, and Chile Relleno Spring Rolls
- Portico Classic Homestyle Breaded Mega Shrimp U10
- Imperial Hot Pepper Peach Sauce
- Classic Cinnamon Cereal Milk Cake
Sysco Canada celebrated the opening of its Legacy Space in Toronto through a 5-year partnership with The Gord Downie & Chanie Wenjack Fund. The space features a hand-painted mural by Hannah Sage LaForme of the Mississaugas of the Credit First Nation and a library nook for reconciliation education.
The celebration included a ceremony led by Elder Garry Sault, remarks from Kayleigh O'Connor of The DWF, and Tim Cameron, President of Sysco Ontario, who emphasized Sysco's commitment to reconciliation. Refreshments from Indigenous-owned businesses were served.
The event highlighted Sysco's dedication to fostering partnerships with Indigenous communities. CTV Toronto featured the Legacy Space on September 28, in honor of the National Day for Truth and Reconciliation.
Sysco (NYSE:SYY) has announced it will host a conference call and webcast to discuss its first quarter fiscal year 2025 financial results on Tuesday, Oct. 29, 2024, at 10 a.m. EDT. The company will issue a news release and post a slide presentation in the investor relations section of its website prior to the call. Interested parties can listen online at investors.sysco.com, where a replay will be available after the live webcast.
Sysco, the global leader in food product distribution, serves approximately 730,000 customer locations through 340 distribution facilities worldwide with over 76,000 colleagues. For fiscal year 2024, ending June 29, 2024, Sysco generated sales exceeding $78 billion. The company uses its investor relations website as the primary channel for publishing key information to investors.
Sysco's Climate Week insights highlight both progress and challenges in sustainability efforts. Key positive takeaways include:
- Large-scale action in sustainable practices, particularly in regenerative landscapes, transportation decarbonization, and innovative consumer products
- Shift from panel discussions to action-oriented roundtables among peers
- Palpable momentum among committed companies and organizations
Challenges identified include:
- Reporting overload hampering action due to complex regulations
- Greenwashing regulations and risks potentially slowing progress and causing less ambitious companies to roll back targets
The insights were gathered during New York Climate Week, which provided opportunities for connection and collaboration among climate professionals, customers, suppliers, and peers.
Sysco (NYSE:SYY), the world's largest food distributor, has added 8 heavy-duty electric tractors to its fleet in Victoria, British Columbia. This addition is part of Sysco's broader sustainability initiative to reduce scope 1 and 2 emissions by 27.5% by 2030. The Victoria fleet now serves over 1,500 customers, including restaurants, healthcare, and education sectors. Globally, Sysco has over 130 heavy-duty electric tractors across the United States, Canada, United Kingdom, and Sweden.
Neil Russell, Sysco's Chief Administrative Officer, emphasized the importance of partnerships with the Government of Canada, the Government of British Columbia, and BC Hydro in achieving their climate goals. The company celebrated this milestone during National Trucking Week at their Victoria distribution center, highlighting the zero tailpipe emissions of electric tractors and their alignment with customer expectations for responsible foodservice distribution.
Sysco, a leading food service distribution company, has announced its FY24 Volunteer and Site of the Year Winners. This recognition is part of Sysco's commitment to giving back to communities and aligns with their Global Good Goal of donating $500 million worth of 'good' to global communities by 2025.
The company celebrates the dedication of its employees who contribute significant volunteer hours, emphasizing the importance of service in driving meaningful change. Sysco's approach to corporate social responsibility combines employee engagement with community support, demonstrating how collective efforts can create lasting positive impacts.
While specific winners were not named in the press release, Sysco's acknowledgment of these contributions highlights the company's focus on fostering a culture of volunteerism and community involvement among its workforce.
